AK Industries Announces Expansion in Plymouth

08/26/2014

Plymouth, IN (August 26, 2014) – AK Industries has announced
plans to expand its existing production facility in Plymouth investing
approximately $320,000 in new manufacturing equipment and creating three new
jobs in 2014. The Plymouth City Council approved
a seven year personal property tax abatement as recommended by the Marshall County
Economic Development Corporation (MCEDC) supporting the company’s expansion
plans.

AK Industries was founded in 1981 and begun its operations
in Plymouth that year. The company has
grown to become a leader in waste water industry with products made from fiberglass
and polyethylene. Today, AK Industries
focuses on the manufacturing of large fiberglass lift stations with capacities
up to 10,000 gallons for municipalities as well as smaller basins for the
residential market. Other custom and
specialized rotational molding services are provided for various industries
such as playground equipment manufacturers.

“As demonstrated through their continual investment in the
City of Plymouth, AK Industries is positioning itself to remain a market leader
and innovator in their field,“ stated Bill Davis, President of the MCEDC Board of Directors. “The City is pleased to support this expansion and approval of the tax abatement. AK has a long history in
Plymouth and is viewed as a valued corporate citizen,” stated Mayor Mark Senter.

The announcement marks AK Industries second expansion in
the last two years. In July 1012, the
company invested $800,000 in a building expansion project and a new $500,000 three-arm
rotational molding machine. This machine
is largest in operation the U.S. The
company now occupies over 150,000 sq. ft. of manufacturing and office
space. With the latest expansion, AK
Industries will employ approximately 90 full time workers.